Afren plc (AFR) - Oil & Gas - Deals and Alliances Profile

 Published On: Apr, 2016 |    No of Pages: 85 |  Published By: GlobalData | Format: PDF
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Summary

Afren plc (Afren) is an independent upstream energy company. It carries out exploration, appraisal, development and production of oil and natural gas from its properties. The company has a portfolio of 25 assets in 12 countries, including producing assets in offshore Nigeria and in the Kurdistan region of Iraq. It also holds exploration interests in Congo Brazzaville, Cote d'Ivoire, Ghana, Nigeria, Ethiopia, Kenya, Kurdistan region of Iraq, Seychelles, Madagascar, Tanzania and South Africa. The company is headquartered in London, the UK.

The company focuses on expanding its asset portfolio through means of acquisitions and joint ventures. In line with its approach, it signed an agreement to acquire a 22% stake in First Hydrocarbon Nigeria Company Limited (FHN) that it does not currently own from CSL Trustees Limited (CSL), an affiliate of Earl-Act Global Investments Limited (EAG).

Afren plc (AFR) - Oil & Gas - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Oil & Gas eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company's (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the company's operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Afren plc, Oil & Gas, Deals By Year, 2010 to YTD 2016 6
Afren plc, Oil & Gas Deals By Type, 2010 to YTD 2016 7
Afren plc, Oil & Gas, Deals By Region, 2010 to YTD 2016 8
Afren plc, Oil & Gas, Deals By Sector, 2010 to YTD 2016 9
Afren plc, Oil & Gas, Deals Summary, 2010 to YTD 2016 10
Afren plc, Oil & Gas, Deal Details 12
Asset Purchase 12
Chevron Plans To Sell 40% Interest In Five Oil Mining Leases In Niger Delta 12
Afren Acquires 60% Interest In Barda Rash PSC From Komet Group For US$418.8 Million 14
Afren Acquires 20% Interest In Ain Sifni Production Sharing Contract In Iraq For US$169.5 Million 15
Afren Acquires Additional 50% Interest In Block 1101 From Candax 16
Afren Acquires 74% Interest In Tanga Block From Petrodel 17
Afren Acquires 45% Interest In OML 26 Block For US$187.5 Million 18
Afren Acquires 32.5% Interest In OML 115 From Energy Equity Resources 20
Private Equity 21
Kingdom Holding Invests US$50 Million In First Hydrocarbon Nigeria 21
African Capital Alliance Acquires Minority Interest In First Hydrocarbon Nigeria 22
Equity Offering 23
Afren Completes Private Placement Of Common Shares For US$184.8 Million 23
Black Marlin Energy Completes Private Placement Of Subscription Receipts For US$28.7 Million 24
Debt Offering 25
Afren Plans Private Placement Of 15% Senior Notes Due 2017 For US$321 Million 25
Afren Completes Public Offering Of 6.625% Notes Due 2020 For US$360 Million 26
Afren Completes Private Placement Of 10.25% Senior Notes Due 2019 For US$300 Million 27
Afren Completes Private Placement Of 11.5% Senior Secured Notes For US$500 Million 28
Asset Transactions 29
Africa Energy To Acquire 25% Interest In Block 2B In South Africa From Afren For US$1 Million 29
Lekoil To Acquire Additional 22.86% Stake In OPL 310 License In Offshore Nigeria From Afren For US$13 Million 30
Octant Energy To Acquire Assets In Tanzania And Kenya From Afren 32
Taleveras To Acquire Stake In Block CI-523, Offshore Ivory Coast 33
Lekoil Acquires 17.14% Interest In OPL 310 License In Offshore Nigeria From Afren 34
Afren Rumored To Sell Oil Fields In Kurdistan And East Africa For US$1.58 Billion 35
Acquisition 36
Afren Terminates Acquisition Offer From Seplat 36
Afren Acquires Additional 23.3% Interest In First Hydrocarbon Nigeria For US$105.4 Million 37
Afren Completes Acquisition Of Additional 10.4% Stake In First Hydrocarbon Nigeria For US$37 Million 39
Afren Acquires Black Marlin Energy For US$101.6 Million 41
Kristina Capital Acquires Black Marlin Energy In Reverse Take-Over Transaction 43
Afren plc - Key Competitors 44
Key Employees 45
Locations And Subsidiaries 46
Head Office 46
Other Locations & Subsidiaries 46
Recent Developments 48
Financial Announcements 48
May 29, 2015: Afren: Interim Management Statement On May 29, 2015 48
Apr 30, 2015: Afren: Annual Financial Report 50
Apr 30, 2015: Afren Announces Full Year Results 2014 61
Other Significant Developments 64
Aug 20, 2015: Oriental Energy Resources Announces Full Implementation Of EBOK Transition Plan Following Announced Insolvency Of Afren 64
Aug 10, 2015: Oyster Issues Default Notice To Afren Re: Block 1101 Madagascar 66
Jul 31, 2015: Afren: Corporate Update On 31 July 2015 67
Jul 15, 2015: Afren Provides Operational And Financial Update On July 15, 2015 68
Jun 25, 2015: Afren Announces Board Changes 69
Jun 25, 2015: Afren Announces Board Changes On June 25, 2015 70
Jun 12, 2015: Afren: Resignation Of Executive Director And Appointment Of Chief Operating Officer 71
May 18, 2015: Afren: Resignation Of Non-Executive Directors 72
Apr 30, 2015: Afren: Completion Of Interim Funding, Appointment Of New CEO And Update On Reserves 73
Apr 07, 2015: Afren To Appoint Alan Linn As New CEO 75
Mar 13, 2015: Afren: Trading Statement And Operations Update 76
Mar 02, 2015: Afren: Further Update On The Review Of Afren's Capital Structure 80
Feb 09, 2015: Taipan Commences Arbitration Against EAX/Afren 81
Jan 30, 2015: Afren: Further Update On The Review Of Afren's Capital Structure 82
Jan 27, 2015: Afren: Review Of Capital Structure 83
Jan 12, 2015: Afren: Update On Barda Rash, Kurdistan Region Of Iraq 84
Appendix 85
Methodology 85
About GlobalData 85
Contact Us 85
Disclaimer 85

List of Tables
Afren plc, Oil & Gas, Key Facts, 2014 1
Afren plc, Oil & Gas, Deals Summary, 2010 to YTD 2016 1
Afren plc, Oil & Gas, Deals By Year, 2010 to YTD 2016 6
Afren plc, Oil & Gas Deals By Type, 2010 to YTD 2016 7
Afren plc, Oil & Gas, Deals By Region, 2010 to YTD 2016 8
Afren plc, Deals By Sector, 2010 to YTD 2016 9
Afren plc, Oil & Gas, Deals Summary, 2010 to YTD 2016 10
Chevron Plans To Sell 40% Interest In Five Oil Mining Leases In Niger Delta 12
Afren Acquires 60% Interest In Barda Rash PSC From Komet Group For US$418.8 Million 14
Afren Acquires 20% Interest In Ain Sifni Production Sharing Contract In Iraq For US$169.5 Million 15
Afren Acquires Additional 50% Interest In Block 1101 From Candax 16
Afren Acquires 74% Interest In Tanga Block From Petrodel 17
Afren Acquires 45% Interest In OML 26 Block For US$187.5 Million 18
Afren Acquires 32.5% Interest In OML 115 From Energy Equity Resources 20
Kingdom Holding Invests US$50 Million In First Hydrocarbon Nigeria 21
African Capital Alliance Acquires Minority Interest In First Hydrocarbon Nigeria 22
Afren Completes Private Placement Of Common Shares For US$184.8 Million 23
Black Marlin Energy Completes Private Placement Of Subscription Receipts For US$28.7 Million 24
Afren Plans Private Placement Of 15% Senior Notes Due 2017 For US$321 Million 25
Afren Completes Public Offering Of 6.625% Notes Due 2020 For US$360 Million 26
Afren Completes Private Placement Of 10.25% Senior Notes Due 2019 For US$300 Million 27
Afren Completes Private Placement Of 11.5% Senior Secured Notes For US$500 Million 28
Africa Energy To Acquire 25% Interest In Block 2B In South Africa From Afren For US$1 Million 29
Lekoil To Acquire Additional 22.86% Stake In OPL 310 License In Offshore Nigeria From Afren For US$13 Million 30
Octant Energy To Acquire Assets In Tanzania And Kenya From Afren 32
Taleveras To Acquire Stake In Block CI-523, Offshore Ivory Coast 33
Lekoil Acquires 17.14% Interest In OPL 310 License In Offshore Nigeria From Afren 34
Afren Rumored To Sell Oil Fields In Kurdistan And East Africa For US$1.58 Billion 35
Afren Terminates Acquisition Offer From Seplat 36
Afren Acquires Additional 23.3% Interest In First Hydrocarbon Nigeria For US$105.4 Million 37
Afren Completes Acquisition Of Additional 10.4% Stake In First Hydrocarbon Nigeria For US$37 Million 39
Afren Acquires Black Marlin Energy For US$101.6 Million 41
Kristina Capital Acquires Black Marlin Energy In Reverse Take-Over Transaction 43
Afren plc, Key Competitors 44
Afren plc, Key Employees 45
Afren plc, Other Locations 46
Afren plc, Subsidiaries 46

List of Figures
Afren plc, Oil & Gas, Deals by Type, 2010 to YTD 2016 1
Afren plc, Oil & Gas, Deals By Year, 2010 to YTD 2016 1
Afren plc, Oil & Gas, Deals By Region, 2010 to YTD 2016 1
Afren plc, Oil & Gas, Deals By Sector, 2010 to YTD 2016 1
Afren plc, Oil & Gas, Deals By Year, 2010 to YTD 2016 6
Afren plc, Oil & Gas, Deals by Type, 2010 to YTD 2016 7
Afren plc, Oil & Gas, Deals By Region, 2010 to YTD 2016 8
Afren plc, Oil & Gas, Deals by Sector, 2010 to YTD 2016 9


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